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18 September, 17:17

Trevor borrows $4000 on a 5-

year loan. He is charged 5%

simple interest per year. How

much interest is he charged

for 5 years?

+2
Answers (1)
  1. 18 September, 17:29
    0
    0.25% bc he is charged 5% per year so just multiple 5% times 5=0.25%
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